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Search Results 0 to 33 of about 34 (some duplicates have been removed)
FOX Business
Jan 7, 2013 9:00pm EST
that is the only time that you have leverage. if you don't raise the debt ceiling right away, it's not defaulting on their loans. the treasury secretary can cut other spending. it is basically a government shutdown. republicans have lost that in the past. but i think unless there is something that the president has to lose, you don't have any leverage in the spending cuts. gerri: you know, the far left and far right will think that that -- well, the different analyses of wh happened. they think will lives lost in the last debate what do you make of that? the republicans wee in a much weaker bargainingposition. what speaker boehner was doing anything that taxes went up midnight on december 31. he actually got a tax cut compared where would've been. everybody else was going to get higher income taxes and they didn't. in this case from the esident keeps more than what speaker boehner caved. the. gerri: you make a good point. i wanted to respond one more thing, which i found interesting. steve moore of "the wall street journal" said we had heard that i'm not going to negotiate with the
MSNBC
Jan 7, 2013 7:00pm PST
want to bust for the debt ceiling, they project right now that the debt ceiling doomsday, really the final day for it would happen sometime between february 15th, and march one. either congress figures out the debt ceiling before then or things get very bad, real quick. first it means the federal government will have to default on 40% of our obligations, 40% of what we do will be gone. let's say they make decisions on medicaid, medicare, defense, food stamps, kind of just the bare services there. doing all that will mean defaulting on everything, and really i mean everything else. the fbi will shut down, people responsible for tracking down loose nuclear weapons, the court system closes its doors. the faa off line, parks closed, food safety inspections, they stop, nobody gets tax refunds or fixes your roads. it is bad, second, meanwhile, too, the financial markets will go into complete chaos, u.s. government debt is after all the safest investment in the world, so it is used as the benchmark for all other types of debt. what that means, when you buy a mortgage the government looks at
FOX Business
Jan 8, 2013 5:00pm EST
pass laws to cut spending. hitting debt ceiling doesn't do it. >> we have go different issues. one is the debt ceiling. the second is the sequester. doug is right, debt ceiling expiring doesn't automatically cut spending but the sequester does. cuts across the board manner, social security, medicare and medicaid are exempted. deep cuts into the military and discretionary spending will go into effect. those things will happen simultaneously and force people back into the bargaining table to come up with at least a temporary patch. melissa: solving the problem in the long run is the real problem we have. governor, how do we deal with that? this is fundamental disagreement between two groups of people one side believes the government should get larger and have a bigger role and needs more revenue to do that the other side thinks we need to shrink government. those are so diametrically opposed points of view. i don't know how even though we're at this crisis point how do you resolve that fundamentally different point of view? >> well, look that different point of view has been going on since, you know, ham milt ton and -- hamilton and jefferson argued ab
CNBC
Jan 7, 2013 7:00pm EST
going to tell you why i think a debt ceiling and government shutdown, bad idea. i'm going to show you a better way. the "kudlow report" begins right now. . >>> first up, amid allegations of anti-semitism and antiisrael sentiments, president obama nonetheless nominated former republican senator chuck hagel for the position of secretary of defense. that today, also reportedly soft on iranian sanctions. so is there any truth to these charges? here to discuss eliot abrams, a senior fellow at the council on foreign relations. eliot, happy new year and as always, welcome back. are these charges -- is there merit to these charges? first of all, anti-semitism. >> look, i can't read his mind. i can only go by the public record. the public record suggests he's got a problem with jews, frankly. there's reports from the members of the tiny nebraska jewish community that they never had a politician in nebraska who was so indifferent, their word, indifferent to the community. who took no interest, who was completely nonresponsive to any requests they made. there's a beginning. then you have these quotations of his. the jews this and the jews that.
CNBC
Jan 8, 2013 3:00pm EST
things, even though we've got that debt ceiling, the washington dysfunction. right now we're all about earnings. that certainly will be the near term catalyst. let's get this new information though. how about this for a prediction? a market crash coming in the third quarter of this year, and the u.s. is head for bankruptcy? >> that's how harry dent -- i was so taken aback. >> that's how harry dent of h.s. dent investment manager says happy new year and the author of "the great crash ahead, strategies for a world turned upside down." harry, come on, man. i mean, you've seen those guys on espn say come on, man. that seems a little bit over the top, doesn't it? >> how many crashes have we seen in the last ten years or so? 2000, 2002, bubble, crash. 2007, bubble, crash. we're getting a bubble and crash about every four or five years, so this is what we have when you go over a demographic cliff. remember japan? think back to japan. japan went over the demographic cliff, peak and baby boom spending, peak real estate boo. they had a bust. guess what? 22 years later real estate is still down o
Comedy Central
Jan 8, 2013 1:30am PST
to pay the debt, avoid default and preempt the debt ceiling crisis. >> stephen: we should have known that a coin was obama's solution to everything. it was right in his slogan. change. it's legal in that it is not technically illegal. [ laughter ] let me explain with someone else's mouth. >> technically it does appear to be legal. here is how. >> the u.s. government can print new money but there's a limit to how much paper money can be until circulation at any one time. there are rules that limit the denominations that gold, silver and copper coins can be but there's no limit on platinum coins. the president can issue a platinum coin in any denomination. the treasury can mint it and print on it $1 trillion. it president can order it to be deposited at the federal reserve. >> stephen: then ben bernanke goes to the fed break room vending machine, inserts the count and picks either cheese nips or save the world economy. [cheers and applause] folks -- frankly, i do not think this will ever hasm first of all, when -- ever happen. first of all, what do you put on a trillion dollar coin snon the tail side a bald eagle breathing fire while making love to
FOX Business
Jan 8, 2013 9:20am EST
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MSNBC
Jan 8, 2013 9:00am PST
2014. >> he is awfully committed to this idea that he is not going to negotiate on this debt ceiling at all whatsoever. forget about it. i think republicans who think that they have leverage on this are actually misunderstanding the situation. newt gingrich said it exactly right. a week before the debt ceiling hits, the entire world of global finance will come in, remind them of their class loyalties and enough of them will join with democrats to raise the debt ceiling. that's what will happen. they will have embarrassed themselves in the process. you know, greg sergeant of the washington post has been writing about this. a lot of them are starting to realize that. once you have a few of them llz 2 -- >> they haven't realized it yet. >> there's a dilutional loop with which this party operates. maybe john boehner and his elbow-like exile -- >> there's an elbow-like exile in dabbingry land. >> there's a disarray and disrepute that the republican party has fallen into. you want i want to come back to the memo about the time people spend on money, raising money. that is a terrible disservice to people. i think you do see with the independent expenditures and the money pumping in that it leaves people -- we should not draw false ekwifl ens because the republicans hav
CNBC
Jan 8, 2013 4:00pm EST
into a year in 2013 with europe side possession. the big issue is going to happen on the debt ceiling side because the whole debate around it is more damaging than resolving the whole thing, right? >> right. >> it's almost like any solution is better than continuing to have a debate and moving it out every two months. >> right. >> and then having 24 hours, seven days a week the news media filled with it. this will kill everybody's economics. >> pleasure having you shown the show. back with our guests now. gentlemen, what about that? we have now heard from alcoa. what kind of expectations do you have, mark newton, in terms of earnings for the fourth quarter, and does this tell us anything about what to expect from the s&p 5 hundred in terms of fourth-quarter numbers? >> well, i think they can be bit are a subdued and people have been taking down earnings estimates for quite some time and a lot of companies have begun to prepare for this, for obama care and this and that in the fourth quarter. the bottom line is it technically the market still acts quite well. we've seen -- four of the ten sectors needed some highs so the last couple of days of condating has not done everything. a lot of p
FOX News
Jan 8, 2013 1:00pm PST
for the debt ceiling. he said forget about it. we are not dealing in anything in raising the debt ceiling. >> neil: that is not negotiating. let's do each our jobs and move on from there. >> right there. no more basic function of the congressmen to do this. jeff sessions who has been conducting a lonely crusade in favor of this, he is the ranking republican on the senate budget committee, he said i think it should be a policy that you cannot raise the debt ceiling unless you tell the american people what you are going to spend this newly borrowed money on and do so in the form of a budget. it's really not a crazy idea. >> neil: byron york, thank you my friend. to a senator that has had enough. my next guest, 20% across the board cuts, he wants, ron johnson. what is the reaction? >> calling for what i was talking about is putting myself back in business mode. if you have departments that are not functioning, you say your budget is cut 20%. that is how you make things more efficient. our agencies, that would be the way to do it. i have sat through hearings how to improve performance and in the end is to get these agencies is cut their budget. >> neil: what about making republicans more
MSNBC
Jan 8, 2013 7:00am PST
discussion about the debt ceiling. this is a two-prong process, constitutionally the president is right, congress racked up these bills if you will, but the president signed them into law, both republican and democrat. both people have gone through this dance, if you will and it's a horrible dance. so what these leaders need to do is figure it out. after all, that's what we paid them to do and just as importantly, that's what they've been elected to do, figure this out. >> good to see you, thank you. >>> also making news this morning, the only suspect in custody for the deadly september 11th attack on the u.s. consulate in benghazi is free. the lawyer for the tunisian suspect has lack of evidence was the reason for the release. the attack killed ambassador chris stevens and three other americans. >>> attorneys for casey anthony are expected to be in court to appeal her convictions for lying to detectives during the search for her missing daughter. anthony told detectives that her nanny kidnapped caylee but no such person was found. the court must decide if she was in police custody when she made
FOX Business
Jan 8, 2013 6:00pm EST
in the debt ceiling, and we will take you to the annual gathering of each and gadgets that the consumer electronics show in las vegas, including the world's first smart fork. i'm not making that up. they say it will appeal lose weight. stay with us. ♪ ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. gerri: we are covering in like a blanket. what is the craziest new invention? you're going to want one and will show you next. ♪ gerri: the world's biggest annual consumer electronics trade show. kicking off tod
CNBC
Jan 7, 2013 11:00pm EST
, $300,000, they go nuts because we got this fiscal crisis, we've got a debt ceiling discussion, we've got senator mcconnell saying, listen, we got to find ways to cut entitlements. isn't this smack in the middle of that debate when you're charging $300,000? >> well, we charge $295,000 because of really three things. one, the burden of illness of the condition you described, $200,000 to $600,000 a year is the cost for each one of these patients. we charge $295 because of the value that gattax brings. reducing the reliance on nutrition, 15% of patients getting off of nutrition altogether and improvement in the quality of life. and third, there's a premium associated with treating only 3,000 to 5,000 patients in the u.s. >> so the insurance companies would actually favor using your drug than doing what they're currently doing for these people. >> that's exactly right actually. 100% of the payers said that they would reimburse gattex. 76% of the physicians said that they will prescribe gattex independent from the cost. and about 100% of the patients said they will try gattex. >> let's go over
FOX News
Jan 8, 2013 6:00am PST
things where right now, given where the debt ceiling is and all the rest and the confirmation battles are coming down the pike we won't see this as a front and center issue right now but i would expect that there are going to be republicans in the house and some in the senate that will push for another effort to defund planned parenthood. martha: we may hear about it in the context of the fiscal fight, a lot of people are pushing for conservatives to be much more specific as far as listing the places where they do think money could be cut from the programs and they haven't been specific enough. perhaps it will take shape in that form. we will see. thank you so much. >> great to be here stphaofplt we are talkin. bill: new gun legislation. former congresswoman gabrielle giffords announcing a new push to stop gun violence. it comes two years to the day after she was shot in the head during a shooting rampage in tucson, arizona. she is waoeu waoeug an editorial for "usa today" and is set to talk to diane wha sawyer later today. weapons are flying off the shelves and some americans are worried that their right to bear arms could be taken away. david lee miller is here
FOX Business
Jan 7, 2013 10:00pm EST
tonight from washington d.c. good to have you with this. we have hit the debt ceiling, so says the treasury secretary. i'm not sure where we are. is that right? every actually hit it? is the treasury secrery's speaking metaphocally in some way? >> well, running close to the limit and then the secretary of the treasury begins takng money from different friends inside the government. he uses that money to run the governments of the borrowing. lou: basically doing what millions of americans accuse him of doing, cooking the books and playing games. thateems to be pretty standard . i have to ask you this. why is it just now occurring to both the president and the congress of the yet to state that they should do something about this rather than say, oh, one month before the election where would have been beneficial , perhaps much of the republicans who seek prudent fiscal policy to have done so. >> certainly you want to get ahead of this problem. running against the limit d going through a series of special measures, doesn't make any sense to run the government. the end of this with been preferable, but there's no appetite for taking on the problem which
MSNBC
Jan 7, 2013 11:00pm PST
ceiling, they have less leverage. >> what a country. let's drop left wing, right wing for a second. we're the country of the world, we're the role model, we're the city in the hill, right? what a joke teaching democracy this way. >> i'm not sure the framers of the constitution envisioned a day when the members of congress would hold the president hostage. >> and not pay their debts. >> by not paying their bills. you have the cr, the continuing resolution that funds the government running out in march. you have the sequester deadline, which they couldn't deal with this time. they kicked down the road to march 1. and you have the debt ceiling hitting about the same time. so you have three cliffs. it's going to be a three ring cliff, a three cliff circus, whatever you want to call it, coming up very soon. and if you have this group that doesn't believe in compromise, it's going to be very hard to get through this without a lot of blood in the water. >> i hope this goes' way. anyway, thank you. the tactic ought to go away. it ought to be about building, not destroying. thank you, david
CNBC
Jan 8, 2013 9:00am EST
billion to increase the debt ceiling, $200 billion. take your pick, mr. president. >> thank you four a great two hours. "squawk on the street" begins right now. >>> congratulations to the alabama crimson tide, winners of the bcs college football championship for a second straight year. a third time in the last four years. what a run. it good morning, welcome to "squawk on the street." i'm melissa lee, live from the new york stock exchange. let's see how we're setting up on this tuesday morning. the futures look like we're tulg back here. t take a look at the picture. interesting economic data points out over there. eurozone hitting a record high. but a measure of consumer and business sentiment actually rose for the second straight month in the month of december. a road map this morning starts in china, where young brand said same-store sales are set to disappoint. is this a sign that a reacceleration of a timeless economy may not materialize after all. >> the ceo of sears is stepping down citing family health matters. does the fund manager have enough retail operations experience to man the helm. >> targets has online price matching. is thi
FOX Business
Jan 8, 2013 1:00pm EST
raise the debt ceiling. those two are really tied together, why would you not agree to that? >> right now is not the time to cut spending dramatically. we are faced with a struggling economy, a struggling recovery and every bit of government spending you can't comes out of the economy. if we hit the debt ceiling february 15th, the same bipartisan policy center report said we would basically take one month time, $165 billion out of the economy. that is 10% of gdp in one month. that would send the economy back into recession, unemployment would skyrocket again, we would be far worse off. we need a balanced approach to deficit reduction. we started on that track and need to continue. ashley: congressman ron, responded you can. >> my good friend is totally wrong. it is not government spending that will stimulate the economy. we need to leave those dollars in the hands of job producers and family businesses, the hands of consumers instead of sending it to the federal government in washington d.c.. we have to cut spending. the american people want us to deal with this issue right now. $16.4 tri
CNN
Jan 8, 2013 6:00am PST
sure you've heard about this by now. could avoiding the debt ceiling be as easy as minting a coin? there is a debate going on right now, i don't know how serious it is but there is a debate going on on whether the united states can create a coin worth $1 trillion, a $1 trillion coin. alison kosik is at the new york stock exchange. i love this story even though it's not real but just fun. >> i hate to burst your bubble, not likely to happen but it is legal. let's play the what if game, has a little more room to run. we know the treasury department with mint and issue platinum bouillon coins. deposit it at the fed and the treasury could pay off its debts and we wouldn't have to deal with watching the catfight on capitol hill with dealing with the debt ceiling. paul krugman, the "new york times" columnist says it's a game mick but says in an op-ed that ran yesterday in the "new york times" says the trillion-dollar coin should be printed. we should sit down like serious people and deal with probably seriously. that may sound reasonable but if you've been living in a cave for the past four years, think twice about that. he
FOX News
Jan 8, 2013 12:00pm PST
has continued to say all along the debt ceiling per se is not up for negotiation. they won't negotiate as to get raised and both sides have to come to spending and revenue discussion about the ten-year plan, let's say, for spending intentions. the debt ceiling message is the same, congress must allow the administration to pay the bills that congress be mandated be paid. >> shep: they spent money, the congress, and now what this is all about, do we actually pay for just what we just bought. you actually get to do that? >> you should not be able to. it's understandable why this happens. this is an instrument of influence by the congress when you don't have somebody in the white house. realistically speaking it's the mix of things getting debated and it raises the stakes. next phase is how much revenue we're going to get, it's about are we covering the bills the next seven months. >> shep: were you surprised by jack lew? >> it seemed to be pretty well telegraphed. loyalty is put at a premium. as all the reports say the president seems to trust she good advocate. just because it'
PBS
Jan 7, 2013 6:00pm PST
the debt ceiling, that 40 cents is temporarily stopped. now we did that in 1995. we didn't default on our debt. >> woodruff: right. the result was balanced budgets and some of the greatest fiscal responsibility was seen we've seen in modern times from congress because fiscal conservatives stood together and said we need to be responsible. >> woodruff: let me ask you about a couple of other issues. that is guns. you're a long-time proponent of gun rights. you're the father of two young girls ages 4 and 2. after those terrible shootings at that h elementary school in connecticut, have you changed your views at all on how available guns should be especially the high-capacity rifles? >> i think every parent was horrified at what happened in newtown connecticut. to see 20 young children and six adults senselessly murder in an elementary school, it's just shocking beyond words but i think it was also sad that within almost minutes of that tragedy politicians began exploiting that horrible crime to push their gun-control agenda. i do not support that agenda. in fact, i intend to help lead the fight to stop senator dianne fei
CSPAN
Jan 8, 2013 5:00pm EST
department could be devastated. that is not a prospect any of us relish. we have the debt ceiling, continuing resolution, the prospect of sequester. this is just not the right way to go about business. >> on the visit and the troop numbers. once the decision is formally taken, is there a plan to announce that decision at some point? does the administration prefer never to make an announcement about this publicly? >> in afghanistan? well, this is obviously a white house call. i will not get into it. i do think we will shed more light as decisions are made over time as to what our plan is going forward in afghanistan. >> [indiscernible] >> i would expect more information would be provided over time. >> is this meeting a decision- making meeting in terms of troop levels, for example? >> i will not go beyond my brief. the white house is in the best position to characterize the discussions between the president and president karzai. we expected to be a wide-ranging discussion on a variety of issues. it is not just troop levels. it is about how we work together with our partners, how we look to continue to grow them. >> a follow-up on sequestration. has the departmen
CNN
Jan 8, 2013 1:00pm PST
stronger one. >> does he have any hand right now when it comes to raising the nation's debt ceiling? i'm talking about john boehner and the republicans giving the enormous consequences of failure to do so for the overall u.s. economy, james. >> you know, you don't know. there's a lot of talk about letting it happen and the fiscal cliff that actually go over the cliff. on this one i'm a little less certain and a lot of times an event has to happen. ari will remember this well. remember, the talk first went down and the stock market lost 71 point and they came back in and it went up. i'm beginning to sense -- obviously i don't notice, that something bad might have to happen in order to get this reconciled and both sides are digging in pretty hard here. >> boehner in "the wall street journal" the other day actually said this. i'll read it to you, ari. it wasn't until literally last week that the white house brought up replacing the sequester. they were always counting on us to bring this to the table. the sequester is as much leverage as we're going to get. how big of a deal is this going t
Current
Jan 8, 2013 3:00am PST
principled leadership. more conviction. he talked about going over the debt ceiling. shutting down the government. said that we need to do what republicans did in 1995 is just shut the whole thing down, stand by our principle demand spending cuts. >> bill: we have that bite. so here's senator ted cruz, republican from texas new tea party leader as to what we should do -- what republicans should do when it comes to the debt ceiling. >> there was some political cost to be paid but at the end of the day, because republicans stood strong in 1995, we saw year after year of balanced budgets and some of the most fiscally possible policies congress has produced in the modern era. if we stand strong, we can do that again and it just comes down to republicans, are we willing to stand strong and face the wrath of the mainstream media criticizing us and the president saying nasty things about us. >> bill: now, is he just an idiot or a liar. the thing is yeah, newt gingrich shut down the government in 1995. how did that work out? newt gingrich got tossed out. republicans lost control of the house.
CNBC
Jan 8, 2013 6:00am EST
with the debt ceiling debate, and what it means for the economy. second hour of "squawk box" starts right now. good morning and welcome to "squawk box" here on cnbc i'm andrew ross sorkin along with joe kernen and becky quick. take a look at futures. see how the market is setting up today. red arrows across the board. dow looks like it will open off about three points. nasdaq and s&p 500 marginally lower. we also have some executive changes to report prominent in the headlines this morning. dell's senior vice president for corporate strategy david johnson is leaving to take a senior position at the blackstone group. johnson joined dell in 2009 from ibm and you might remember this. it was a controversial move. ibm had announced an unsuccessful legal challenge to keep johnson from joining dell in the first place citing a noncompete clause. also this morning sears chief executive louis deambrose yo is stepping down on february 2nd. citing family health measures for the reason. chairman eddie lampert has been taking over as the ceo position at that time. of course, the company had a hard time wit
CNN
Jan 8, 2013 2:00am PST
, an actual weasel. my fault for coming out here. >>> "early start" continues right now. >>> deadly plunge. two americans among seven killed in a helicopter crash in peru. >>> d-day for america's debt. some experts predict we'll hit the ceiling sooner than expected. >>> a new sports dynasty. alabama in a rout on college foo football's biggest stage. >> are we going to talk about this all morning? >> i think we are. >> i'm john berman. >> and i'm zoraida sambolin. >>> at the end of the day, irish eyes sadly were not smiling. the alabama crimson tide crushed notre dame's fighting irish in the bcs championship game. they owned the game. apparently. 412-14. they crushed notre dame, nursing its wounds. mante teo said the team did the best it could. >> i think we just did what alabama does, and like said, we had opportunities to make plays, we just didn't capitalize on those opportunities. >> meanwhile, much of the alabama win was credited to nick saban. his fourth bcs title. gave credit for the victory to the players, university, and the fans. >> it's not about me, it's really about seei
CSPAN
Jan 8, 2013 1:00pm EST
at all. the sequesters still looms. the debt ceiling has not been increase. the continuing resolution still runs out on march 27. that is what the government is running on right now. the sustainable growth rate of 27.4% was pushed off for another year. we have everything that we had before in the way of uncertainty. the pact for word was a murkier -- the path forward is, if anything, murkier than it was on december 31. in many ways the consequences of failure to resolve these issues is probably greater crennel than -- probably greater now than they were at the end of 2012. finally, there was the help that a -- the hope that a successful resolution with both clear the decks for other legislative priorities and create a more constructive less toxic environment in which the congress could prove to be more productive. i fear that things that they have changed at all they have deteriorated. at a minimum, the first six months of this calendar year of going to be absorbed trying to deal with all of these issues that were not resolved. we will be consumed by sons of fiscal cliff. they might come together. the expectations of the two parties for the next round are as wide
Search Results 0 to 33 of about 34 (some duplicates have been removed)